Have you ever completed a job only to find that there’s no money left to pay yourself with, and you don’t know where it all went?
In the last few episodes of the podcast, we’ve been talking about how to recognize jobs that are too small to be profitable and either make them profitable or say no to them. On the other end of the scale, there are also jobs that are so big that they end up not being profitable either.
These jobs can take years to finish and have beautiful results, but by the time you’ve paid everyone involved, there’s nothing left for you. In this episode, I’m showing you where you might be losing money and teaching you how to make sure it doesn’t happen again.
If you’re not bringing in as much profit from big jobs as you should be, why not? Let’s take a look at it together.
Topics We Cover in This Episode:
- Why you might lose money on big jobs
- The importance of adequate planning
- Developing relationships in the industry
- Why you shouldn’t be competing with prices on the internet
- How to plan your time
- Having a good letter of agreement
- Recognizing when something is out of scope
There are things that you can do to ensure that you will make a good profit on big jobs. The biggest takeaway from this episode is that you need to have a clear plan ahead of time that you communicate to your client and stick to. You deserve to have money in your pocket at the end of a job. You earned it!
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